Expect a possible rebound from 672.11-557.99 | 09 March 2018

Wave Analysis:

After an unprecedented correction to the lower side, Ethereum is current lingering within our buyers territory 672.11-557.95, this is a key supportive zone and as long as it remains intact, we're waiting for a clear rebound signal to buy Ethereum. The anticipated upward rally will be the unfolding of the impulsive wave (5) and should break above the daily resistance 1390.01 towards 1500.00 or even higher. The anticipated upward rally can only be invalidated in case the price breaks below 672.11, this being the case, we expect further bearish momentum towards 242.47 or even lower.

Trade Recommendation:

Expect a possible rebound from 672.11-557.99 to buy this pair with an ultimate target at 1390.01

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.